Astomos Energy Orders Fourth LPG Carrier from Mitsubishi

Tokyo-based Astomos Energy Corp has placed an order today with Mitsubishi Heavy Industries (MHI) for a very large liquefied petroleum gas (LPG) carrier. This marks their their fourth such order with MHI since 2013, a company that also happens to be a 49 percent shareholder in Astomos Energy.

Astomos Energy presently operates a fleet of 21 large-scale LPG carriers, six of which are owned and the others time-chartered. This new vessel, upon delivery in 2017 from MHI’s Nagasaki Shipyard & Machinery Works, will replace an existing vessel that was built in the first half of the 1990s, according to MHI,

Astomos Energy targets in its new medium-term business plan beginning fiscal year 2015 to expand its LPG transport structure and increase gross LPG handling volume from the current 10 million tons per year (mtpy) to more than 12 mtpy by 2017.

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